Skip to main content

Zuora Posts Narrower-Than-Expected Quarterly Loss, In-Line Outlook

Zuora, producer of systems that enable companies to manage subscription businesses, reported a narrower fiscal-fourth-quarter loss on 13% higher revenue.
  • Author:
  • Publish date:

Zuora  (ZUO) - Get Zuora, Inc. Class A Report, the producer of systems that enable companies to manage subscription businesses, reported a narrower fiscal-fourth-quarter loss on 13% higher revenue.

The results were stronger than Wall Street analysts had estimated. The company's fiscal-first-quarter outlook is in line with expectations.

For the quarter ended Jan. 31, the Redwood City, Calif., company's loss narrowed to 16 cents a share from 21 cents a share in the year-earlier quarter. The latest adjusted loss was 2 cents a share. Shares outstanding rose 6% to 119.9 million.

Revenue reached $79.3 million from $70.4 million.

A survey of analysts by FactSet produced consensus estimates of an adjusted loss of 5 cents a share on revenue of $76.1 million.

At last check after hours, Zuora shares were trading 0.4% lower at $15.15. They closed regular Thursday trading up 6% at $15.21. Through the regular trading close, the stock is off 15% from its 52-week high of $17.79. Almost exactly a year ago, the stock was a bit above $6.

Scroll to Continue

TheStreet Recommends

Zuora's founder and chief executive, Tien Tzuo, said the company finished the fiscal year strongly and exceeded expectaions.

Among the company's key metrics for the quarter: 676 customers with annual contract value of at least $100,000, up 8% from a year earlier.

At Jan. 31, Zuora had cash, equivalents and short-term investments of $186.6 million.

For the fiscal 2022 first quarter, Zuora estimates a net loss of 3 cents to 4 cents a share on revenue ranging from $78 million to $80 million.

The consensus estimates in FactSet's survey of analysts was an adjusted loss of 4 cents a share on revenue of $79.4 million.

In mid-January Zuora appointed Sri Srinivasan chief product and engineering officer. His resume includes tenures at Cisco  (CSCO) - Get Cisco Systems, Inc. Report and Microsoft  (MSFT) - Get Microsoft Corporation Report, helping those companies develop software-as-a-service.